Cindy Dachuk

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Applying Pareto's Principle to Your Success

You have likely heard of Pareto's Principle, also referred to as the 80/20 rule, which states that roughly 80% of the effects are derived from 20% of the causes. The principle is named after Italian economist Vilfredo Pareto who, in 1906, determined that roughly 80% of the land was owned by 20% of the population, that 80% of the peas in his garden were produced by 20% of his plants. In business, most widely accept that 80% of their sales come from 20% of their customers. However, how does this relate to us and our potential success? Consider the following...

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The Goldilocks Principle of Success

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